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BREAKING: Subsidy for Electricity Consumers is Ruled Out

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Electricity consumers in Lagos may need to brace themselves for a hike in electricity tariffs as the state government says there will be no subsidy in Lagos.

As the state transitions to an autonomous electricity market, the Commissioner for Energy and Mineral Resources, Biodun Ogunleye, said consumers in the state would pay the real cost of electricity as directed by the Governor, Babajide Sanwo-Olu.

Unless the governor changes his mind, Ogunleye insisted that there is no power subsidy in Lagos. Speaking at the recent maiden stakeholders forum organised by the Lagos State Electricity Regulatory Commission in Ikeja, Ogunleye said everybody in the Lagos electricity value chain must get paid, adding that LASERC is working with the federal authorities to get the gas-to-power price for Lagos producers.

“Everybody who contributes to every kilowatt that we are receiving, whether it’s renewable or whatever, must get paid. We are not carrying anything over. Lagos is saying it repeatedly: Mr Governor’s mandate is that there is no subsidy in Lagos. If he calls me tomorrow and says he wants to change his mind, I will still convey that again. But as of today, there is no subsidy in Lagos,” he emphasised.

Ogunleye advocated different approaches to the power situation in Nigeria to get the desired results. He appealed to investors to believe in the Lagos electricity market, with a promise that there would be returns on investments.

“No need for you to build a one-gigawatt plant; do 200 to 300 (megawatts). Let’s walk on this road together, and lines will fall in pleasant places. Everything will come together. There are things we need to do differently.
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“We cannot do things the same way. And I’m appealing to everyone; we may not be sounding like you want us to sound. We may not be the people you think we are supposed to be. But please, let’s make these changes, this improvement. Let’s walk on it for four or five years and let’s see if God will crown it all,” Ogunleye said.

The commissioner stressed that the current power distributors in Lagos may have to hand over underserved and unserved areas to new operators to ensure electricity gets to all Lagosians.

In her words, the Chief Executive Officer of LASERC, Mrs Temitope George, stressed the need for appropriate pricing. George added that Lagos is targeting a 24-hour power supply within the state with 100 per cent metering, reiterating LASERC’s vision of becoming a leading electricity regulator by facilitating sustainable electricity development and improving the quality of life of residents.

She added that the commission remained committed to setting and enforcing standards, safeguarding consumers, enabling investments, supporting innovation, and promoting clean energy solutions across the state.

As part of efforts to strengthen consumer protection, George disclosed that LASERC was establishing zonal offices in the Ikorodu, Amuwo Odofin/Badagry, and Sangotedo/Epe axes to improve complaint resolution and enhance access to regulatory services. “The offices are expected to become operational in the third quarter of the year,” she said.

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BUNKERING: Troops Uncover Suspected Illegal Refinery In Rivers, Recover Crude Oil Processing Equipment

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Troops have uncovered suspected illegal crude oil refining equipment during a patrol operation in the Orashi National Forest, Ahoada West Local Government Area of Rivers State.

The development was disclosed in a report by Zagazola Makama, a counter-insurgency and security expert covering the Lake Chad region.

According to the report, the discovery was made at about 12:00pm on Saturday by troops of the 16 Brigade Garrison at Abissa in collaboration with personnel of the 5 Battalion while carrying out anti-crude oil theft operations.

Makama reported that the troops discovered equipment believed to have been used for suspected illegal crude oil refining activities during the patrol.

Items recovered from the site included one large oven drum, one large coolant, two small oven drums, one small coolant, one long galvanised pipe and two sacks containing crude oil.

Makama said the recovered items were handled in line with the operational procedures guiding the ongoing anti-crude oil theft operations.

“The operation forms part of sustained efforts by security forces to dismantle illegal refining camps, curb crude oil theft and protect critical national assets in the Niger Delta region,” the report stated. …For more, Complete your reading.
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US-Based Nigerian Seek Court To Set Aside Judgment

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A Nigerian-American engineer, Anthony Ehiedu Ugbebor, has asked the Court of Appeal to overturn the judgment of the Lagos High Court which declared that his property purchase agreement with a developer, Mr Olukayode Olusanya and Oak Homes Multinational Services Limited had been extinguished by the doctrine of novation.

The Lagos High Court had in the judgment ordered the refund of the N152 million Ugbebor paid for two luxury apartments in Victoria Island, Lagos.

In a Notice of Appeal filed by his counsel, Barrister Nasir Salau of Nasir Salau & Co., challenging the June 15, 2026 judgment delivered by Justice Akingbola George, Ugbebor argued that the trial judge misapplied settled principles of contract law, ignored material evidence, wrongly dismissed his counterclaim, and erroneously refused his claim for specific performance of the property sale agreement.

The appeal arose from Suit No. LD/4471LM/2023, instituted by property developer Olukayode Olusanya and Oak Homes against Ugbebor and the Economic and Financial Crimes Commission, EFCC, over alleged trespass on two second-floor three-bedroom apartments located at 14A Musa Yar’Adua Street, Victoria Island, Lagos.

Although the Lagos High Court dismissed most of the developer’s claims, it held that the parties’ conduct had effectively terminated their original agreement through novation.

The court also ordered Olukayode and Oak Homes to refund the N152 million previously paid by Ugbebor, while dismissing the engineer’s counterclaim seeking completion and delivery of the apartments or, alternatively, damages.

Dissatisfied with those findings, Ugbebor asked the Court of Appeal to overturn the judgment, restore the validity of the original contract and compel Oak Homes to honour its obligations under the agreement

Ugbebor also urged the appellate court to set aside the judgment in its entirety, arguing that the Lagos High Court’s findings were contrary to the evidence and established legal principles governing contracts.

He maintained that the original agreement remained valid and enforceable and asked the Court of Appeal to compel Oak Homes to honour its contractual obligations.

One of his principal complaints is that the trial judge wrongly placed the burden of proving payment on him instead of the claimant.

According to the Notice of Appeal, the judge erred in holding that he failed to make payments within contractual timelines despite evidence that the payment structure under the agreement was tied to construction milestones rather than fixed dates.

The appellant argued that under the payment schedule contained in Exhibit CW1, 35 percent of the purchase price became payable upon completion of the roofing stage, while the final 20 per cent became payable only upon completion of the apartments.

He maintained that the agreement never required payment on fixed calendar dates and that he had already paid about 80 per cent of the agreed purchase price even though the developer allegedly failed to attain the contractual milestones.

According to him, the trial judge misconstrued the payment clauses and ignored the unchallenged testimony of the defence witness that substantial payments had been made despite the developer’s inability to complete the project as agreed.

He further argued that under the Evidence Act, the burden of proving non-payment rested on Oak Homes, which alleged breach of contract, and not on him.

A major plank of the appeal is the trial court’s reliance on the doctrine of novation.

Justice George had held that the conduct of both parties created a new contractual relationship which effectively extinguished the original agreement.

However, Ugbebor argued that the finding was contrary to established principles of Nigerian contract law.

Relying on the Supreme Court’s decision in Heritage Bank Ltd v. Ajugwo, he contended that novation cannot be presumed merely from the conduct of parties.

According to him, for novation to arise there must be a clear agreement by all parties to substitute the original contract with a new one, coupled with an intention to extinguish the previous contractual obligations.

He argued that no witness testified that such a new agreement existed and no documentary evidence established one.

Rather, he maintained that the conduct relied upon by the trial court was consistent only with issues of delayed performance and alleged breach, not the creation of an entirely new contract.

He therefore urged the Court of Appeal to hold that the original agreement remained valid and binding. …For more, Complete your reading.
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